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Year Founded: 1935

AUM: $2.45T | Dry Powder: $9.91B
430 West 7th Street, Suite 219143, Kansas City, MO 64105, US
J.P. Morgan Asset Management is a global asset manager for institutions, individuals, and financial intermediaries. The firm seeks to make private equity, venture capital, infrastructure, and real estate investments

Key Contacts

  • Mary Erdoes
    Chief Executive Officer
  • Paul Ryan
    Chief Executive Office & Portfolio Manager, Infrastructure Equity and Debt
  • Gordon Smith
    Co-President, Chief Operating Officer

Investment Preferences

  • Preferred Industries
    Energy Equipment, Energy Services, Exploration, Production and Refining, Healthcare Devices and Supplies, Healthcare Services, Healthcare Technology Systems, Insurance, IT Services, Other Energy, etc.
  • Geographical Preference
    Americas, Europe, US
  • Preferred Deal Types
    Buyout/LBO, Debt – General, Early-Stage VC, Later Stage VC, PE Growth/Expansion, Seed Round
  • Other Investment Preferences
    • Prefers minority stake
    • Seeks ESG investments
    • Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

MCH Global Real Asset Strategies II
Vintage: 2021

Size:  $196.4M

Dry Powder: $192.4M

Details: The fund targets infrastructure & commercial transportation sectors

Global Maritime Investment Fund II
Vintage: 2017

Size:  $480.0M

Dry Powder: $87.8M

Details: The fund is based in New York, and targets technology sector

LACERA Program III
Vintage: 2018

Size:  $100.0M

Dry Powder: $22.6M

Details: Preferably invests in energy services & software industries

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In May 2022, Arcadia secured $200 million in a funding round led by JP Morgan Asset Management’s Sustainable Growth Equity Team. The financing will help accelerate the impact of Arcadia’s data and API platform, Arc, by expanding data coverage and new product development to empower companies to monitor, report, and act on their carbon impact

In May 2022, Infrastructure Investments Fund (IIF) managed by JP Morgan Asset Management acquired Enstor Gas, the largest privately owned gas storage company in the US, for an undisclosed amount. Enstor will continue to manage and operate its natural gas storage facilities in Alabama, Mississippi, Texas and New Mexico

In April 2022, JP Morgan Asset Management acquired G+E GETEC Holding for an undisclosed amount. G+E GETEC Holding offers mission-critical services under long-term contracts and operates energy generation assets across Europe

In February 2022, Infrastructure Investments Fund (IIF), an infrastructure opportunistic fund managed by JP Morgan Asset Management entered into an agreement to acquire 60% stake in Falck Renewables from Falck SpA for $3.9 billion. IIF will partner with Falck Renewables SpA to accelerate its growth plan and reinforce its leadership position in the renewable energy sector.  Falck Renewables develops, designs, builds and manages power production plants from renewable sources, with an installed capacity of 1,320MW

In October 2021, Italian company Falck SpA sold 60% stake in Falck Renewables SpA to the Infrastructure Investments Fund (IIF), an investment vehicle advised by JP Morgan Investment Management. The fund would pay €8.81 per share in cash, which represents a premium of 29.2% to the three-month volume weighted average share price. Falck Renewables has 1.3GW of installed capacity in the UK, Italy, US, Spain, France, Norway and Sweden, across wind, solar, waste-to-energy and biomass technologies

In July 2021, J.P. Morgan agreed to purchase fintech company OpenInvest. The company is headquartered in San Francisco with focus mainly on values-based investments as well as environmental, social and governance (ESG) investment products.

In December 2020, A unit of J.P. Morgan made a tax-equity investment in a pair of wind projects owned by a subsidiary of Allete in North Dakota and Montana. Allete Clean Energy sold Class A passive membership interests in Great American West Wind LLC to JPM Capital Corp. The deal supports the 106MW Glen Ullin facility in North Dakota and generate future funding for the 80MW South Peak project in Montana

In July 2019, EDP Renovaveis (“EDPR”), part of EDP completed the sale of 997MW European wind portfolio to J.P. Morgan Asset Management. The value of the deal covers EDPR’s full equity shareholding and outstanding shareholder loans in the portfolio, amounts to €800 million. The transaction concerns 388MW of French wind farms as well as 348MW in Spain, 191MW in Portugal and 71MW in Belgium

Other Details

J.P. Morgan Asset Management operates as an investment management firm. The firm seeks to make private equity, venture capital, infrastructure and real estate investments. It employs more than 1,160 investment professionals

JP Morgan Asset Management’s one of the latest open fund is JP Morgan Multi-Manager Sustainable Long/Short Fund. The fund’s strategy emphasizes on sustainable alpha opportunities emerging from long-term global sustainability themes, such as energy transition, resource efficiency, empowerment, health and wellness, and technology for sustainability. The fund’s size is $100 million

12 West Capital Management, 32 Ventures, 3i, 3L Capital, Aberdeen Standard Investments, ABS Ventures, Acacia Partners, Acadian Asset Management, Accel, AEG Vision, Alantra Partners, AllianceBernstein, Apax Partners, Barings are some of the institutional investors who invest along with J.P. Morgan Asset Management

Source: ELP.com, Penhub, Utilitydive, Prnews, Windpowerengineering, vccircle, SparkSpread, S&P Global Market Intelligence